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April inflation data weakens RBA outlook: Economists

The higher-than-expected inflation figures for April could weigh on the central bank’s monetary policy decision next week

Home values continue to rise

National home values rose once again in May as the pace of growth continues to accelerate.

BOQ enters enforceable undertakings with APRA and AUSTRAC

The non-major bank has entered into two voluntary enforceable undertakings, one relating to issues with its anti-money ...

Dwelling approvals hit ‘lowest level’ in over a decade: ABS

Building approvals in Australia have witnessed a significant drop for the month of April 2023, exceeding economists’ ...

CDR expansion delayed to ‘allow the CDR to mature’

Treasury has suspended the planned expansion of the Consumer Data Right regime to more sectors to enable it to focus on ...

Consumer confidence hits lowest monthly average since 1990

Consumer confidence plummets as the repercussions of rising mortgage debt sink in.

Non-majors begin pulling back cashbacks

Two non-major banks have become the latest lenders to confirm they will be pulling their cashback offers from market in the ...

New leader for ACCC CDR division appointed

A new executive general manager of the ACCC’s Consumer Data Right division has been announced, replacing Paul Franklin.

Housing affordability weighs on rental market

An undersupply of rental accommodation and an increase in renters is deteriorating affordability, a new report from ANZ and ...

AMP makes changes to executive team

The financial services group has announced a number of executive changes as part of an ongoing effort to streamline its ...

‘Concrete evidence’ of rate hike impact: Economists

Weakening economic indicators and rising mortgage debt reduce probability of further rate increases, economists have ...

New Zealand eases home lending restrictions

The Reserve Bank of New Zealand will ease rules limiting new lending to home loan borrowers with small deposits.

COVID-19’s effect on housing market still prevalent: AHURI

New research has found that the effects of the COVID-19 pandemic on Australia’s housing market are ongoing.

Home values ‘probably unsustainable’: CoreLogic

CoreLogic research director Tim Lawless offered some insight into Australia’s home values following its rapid decline and ...

Australia’s housing activity slumps across states: ANZ

Despite housing prices remaining stable, housing activity has slumped across the country, ANZ economists have revealed.

APRA grants full banking licence to neobank

A new bank has been formed after the prudential regulator has granted it a full banking licence without restrictions.

RBNZ signals end of rate rises, for now

New Zealand’s central bank has signalled an end of its tightening cycle as rates reach the highest level in 14 years.

Senior economist ‘wary’ about housing upturn sustainability

Although the housing market’s resurgence has continued to strengthen in the middle of interest rate headwinds, there are ...

Qld rental reforms could cause investors to ‘walk’: REIQ

A survey has indicated rental providers are considering walking away from property investment as a result of the Queensland ...

Pepper prices $675m RMBS

The non-bank lender has priced its fourth public securitisation for 2023, pricing a $675 million residential mortgage-backed ...

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